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USD/JPY continues moving in low trading range

Resistance level at 92.82 and support level at 92.36 forms a narrow trading range, candles are locked up in this range for a while. While support and resistance barriers holds, further bouncing is expected.

USD/JPY Technichal Analysis

According to the previous bullish movement, bulls have enough potential to reach resistance barrier and test its strength, above resistance at 92.82 - possible buying options can be considered. In order to confirm bulls strength, a confirmation of resistance breakout is needed.

At the moment waiting action holds with possible short term possibilities - buying options near support and selling near resistance.

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